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  • FIRST POST
    • Moneyfordreams
    • By Moneyfordreams 5th Nov 15, 11:32 AM
    • 813Posts
    • 3,837Thanks
    Moneyfordreams
    In the nick of time
    • #1
    • 5th Nov 15, 11:32 AM
    In the nick of time 5th Nov 15 at 11:32 AM
    Hello,
    I been reading debt free diaries and mortgage free diaries since the summer and I have been hugely inspired and reassured my dreams are achievable.

    My husband was significantly in debt until 2 1/2 years ago through a failing business during the recession. Due to having equity in our home I was able (had to) to re-mortgage and pay off the debts. that's the simple version anyway.

    During the time when my husbands income was negligible we had a lodger. Unfortunately those basement rooms require about 5K worth of work and are currently unlettable. I hope either to save this money by the spring, or maybe withdraw some capital from my husbands small pensions. He gets about 200 pcm plus 800 wage. He has his own debt to pay until June next year, then I gain 120 to go towards the mortgage.

    I have a fairly good job and have always worked extra hours. My husband is working in a job on minimum wage. After many money related traumas and battles our relationship is fantastic.

    My aim is to retire at 55 if I can. I am going to go hell for leather to make this happen. We trimmed our expenses years ago. We have the occasional slip up and overspend in fact this year has been an overspend on some big items whist shopping at lld1.

    We have recently registered with airbnb to increase our income and may soon break even from initial outlay.

    Total debt including Mortgage 194930.oo

    Mortgage 183240.00 / 1020 pcm 19yrs currently OP 100 (1120)
    Car loan 5330 / 208 pcm. 2 1/2 years left.
    HSBC CC 0% 5600 / 150 pcm ( I wanted to build an EF so a bit over minimum for now )
    Nationwide CC 760 recent trip & Airbnb room upgrade (will pay off this month hopefully)

    Savings
    ISA 1800
    Xmas fund 300
    Rainy day 200
    instant access 100
    CB 160

    owed in
    selling tumble dryer 30
    Family loan 100
    Airbnb 121

    This year we have failed to sell our house which we bought for 250K, 10 years ago. There is no appreciation in value We have had a new bathroom fitted and patio doors to the kitchen. We also had a family emergency in Spain hence a further 2K on CC.

    Looking at the mortgage calculators and snowballing methods I can have this paid off in a 10 year time frame. Ideally I want to be mortgage free, but I suppose being debt free would be a better place to start.

    Short term goals
    165k by xmas (normal OP +lodger get us to 165930) actual 166k
    Under 160k by June 2017 to achieve <60% LTV
    Under 150k by December 2017 (pushing it )

    KEY DATES
    Mortgage 200 k February 2013
    re mortgage June 2015 (dithered as really wanted to sell)
    Found MSE Forums summer 2015
    January 2016, debt and mortgage 192k
    January 2017 debt and mortgage 171k (166k +5k
    Can access work pension 2025 (55 years)
    Have very small 2k private pension to close 2025
    DH state pension 2026, plus current pension of 200 pcm
    DH shares can be accessed from June 17, but aim to cash them 2025
    my state pension 2037
    Official mortgage end, 2038. then 2034

    Op's 2016 R/T
    January 492.00 = 492
    February 820.38 = 1312.38
    March 676.46 = 1988.84
    April 723.83 = 2712.67
    May 679.92 = 3392.59
    June 728.61 = 4121.20
    July 634.48 = 4755.68
    August 442.93 = 5198.61
    September 590.51 = 5789.12
    October 1007.28 = 6796.40
    November 365.53 = 7161.93
    December 171,64 7333.57

    2nd January 2017 total 166200
    January. 440
    February 169.11
    March 275.69= 884.80
    April 305.39 = 1190.19
    May 103.06 = 1293.25



    http://www.whatsthecost.com/snowball.aspx
    Last edited by Moneyfordreams; 08-05-2017 at 3:37 PM. Reason: to add link
Page 26
    • Moneyfordreams
    • By Moneyfordreams 15th May 17, 8:47 AM
    • 813 Posts
    • 3,837 Thanks
    Moneyfordreams
    the funny thing with mum is my difficult sister refused to allow us to consider employing carers in the home. She was furious apparently when she looked at my notes after meeting with community matron about support and respite, and she would take mum to live with her and not entertain anything else. Now the hospital have said upon discharge mum will go to rehab. Rehab beds are in nursing homes these days and not hospitals. I don't think she realises this. I have told my other sisters though.

    mum looked comfortable yesterday although immobile. she was talking utter nonsense but happily so.

    I had a few words with my neighbour yesterday. he has a tree that overhangs into my garden. I've been looking after it for years. Fabulous deep red leaves. He was reaching over into my garden with a saw to cut branches off. I asked him not to as I enjoy the tree. He got quite cross and I said I know it is his tree but he cannot reach into my land to do it. He said He will cut it off at the bottom. He said he want to look at the river and it was spoiling his view. He has a blink!ng great big horse chestnut tree at the foot of his garden blocking everyone's view and other neighbours have complained about. Next to me the other side has a big fat yukka that will most definitely be blocking his view. I want some privacy
    that tree gave me some. Looks like I'm off to buy the biggest tree / fence I can find

    I always seem to find trouble ...
    Last edited by Moneyfordreams; 15-05-2017 at 8:51 AM.
    Mortgage Feb '13 200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 182800 : minimum 360 OP but needs to be 600 to achieve 2025
    Current mortgage 162190
    Car loan finished oct 16
    h@lifax CC 4800 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
    • Moneyfordreams
    • By Moneyfordreams 15th May 17, 8:52 AM
    • 813 Posts
    • 3,837 Thanks
    Moneyfordreams
    Brizzle, sometimes status quo is all you need.

    I'd love it if it finds me
    Mortgage Feb '13 200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 182800 : minimum 360 OP but needs to be 600 to achieve 2025
    Current mortgage 162190
    Car loan finished oct 16
    h@lifax CC 4800 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
    • Moneyfordreams
    • By Moneyfordreams 16th May 17, 4:44 PM
    • 813 Posts
    • 3,837 Thanks
    Moneyfordreams
    Neighbour has apologised to OH for his rudeness to me the other day, however I still have a garden that looks odd with a half naked tree!!. So garden will be made a bit of a priority. Due to living with a right of way to each front door, I value the bits of privacy we get from our own patch of land. I'm being a bit naughty in wishing for a corner arbour, but more likely to get a boat shaped one... now that would put a cat amongst the pigeons. And block his view Have bought a new hedge trimmer to cut back all of our over growth of ivy, we have a hidden gateway that needs to be opened up again. We covered the curved staircase to the lower land (council owned) last year with decking boards. We could open up the gateway and put a metal staircase and gate. We live in a conservation area so we need to be careful.

    DD1 has had her mortgage meeting today... she tells me it's still a bit fingers xd time, because of her very account. For 300!! I've said she should have just paid it off... but too late, she told me after the event.. however 230 pcm for a 40 year deal on a 3 bedroomed house.
    Mortgage Feb '13 200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 182800 : minimum 360 OP but needs to be 600 to achieve 2025
    Current mortgage 162190
    Car loan finished oct 16
    h@lifax CC 4800 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
    • EatingTheElephant
    • By EatingTheElephant 17th May 17, 6:54 AM
    • 897 Posts
    • 4,528 Thanks
    EatingTheElephant
    Exciting news for DD. I love your plans for the garden and getting some privacy. Your sister sounds very hard work and controlling. I hope the time in hospital then rehab for your mum gives you a bit of a break.
    • brizzledfw
    • By brizzledfw 17th May 17, 5:06 PM
    • 6,786 Posts
    • 32,575 Thanks
    brizzledfw
    Fingers crossed for all the multiple strands in your life

    xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    May '17 Savings Rate Goal: 25% [Apr 10%]
    Declutter 50 items before 31.05.17 20/50 ** LSDs Target 5 for May 04/05 **AFDs 09/20 ** Sales Target '17 750 80 so far
    **NSDs Target 5 for May 04/05
    • Moneyfordreams
    • By Moneyfordreams 18th May 17, 9:03 AM
    • 813 Posts
    • 3,837 Thanks
    Moneyfordreams
    ETE , BRrizzle, my compartmentalisation of life is a bit blurry at the moment . Mum being in hospital has freed up my week, and possibly month (selfish to have some relief??) .

    mum was at her Sunday best for the first half of her psychiatry appointment yesterday. Then it went down hill. she now has a diagnosis of vascular dementia. No surprise there,, we were transported by ambulance to the sister hospital and returned. Packed lunch and all, however we were only gone 2 hours. Well done NHS She is waiting for a transitional bed, as she lacks potential for rehab. This is up to 6 weeks until she then needs to fund from her assets . She still can barely stand with support. I feel I need to nag more. Check up on pain killers and physio whilst she's still on the ward. Don't think other sister knows where her none rehab will be

    The saga with dd2 and her unit accom continues. I'm trying to get my point across gently in a none blame way.... I'm guarantor for property one. Coerced and manipulated in December. 2 weeks later she wants to move home. ........ so she finds someone to take her place in property one, decides to stay, and asks me to go guarantor for property 2. Then property one person has pulled out and I'm liable for both !!!!!! I am trying to stay calm. I only sent form off last week, after being '''' manipulated again. She's cross that I'm upset, she says I'm nasty, she offered to look after my mum (she did, and it would be too tough, and she needs a future ) oh and, She's guessing I'm giving dd1 money. its my fault I'm cross and telling her to get it sorted. I didn't send utility bill last week so I'm hoping its my get out clause. I can't even type i'd throttle her because id just feel meh about it. The texts I sent were very careful...... as really I wanted to give it both barrels.

    My colleagues tell me my kids are spoilt

    Dd1 ..... hahaha the one we are giving all of our saving to, seems to be getting on ok with the mortgage. They queried her name spelling on payslips. And I didn't write my home town on address on gift form. But that was it.... so almost there

    OH hates working nights now, after 4.5 years. He wants to quit!!!!!! His last share save payment comes out next week. This week is worth 2.6k in maturity value to add to the 3600 paid. ......that's what we are giving to dd1 towards her deposit. I've said if he's that bad he can be sick until next payday. He has come back this am cheerful, after having a good night. I'm hoping he will be able to transfer to days in the local store. he's 58 his trade was floor laying, he doesn't want to and couldn't do that again.

    To summarise, my mother is dying a slow cruel death and in pain from her injuries. DD2 a pain in the butt. DD1 excited fairy girl.... OH knackered and flaky right now..... and I'm ok I'm off for another cuppa. and we have a stupidly expensive holiday booked that I'm although after all said and done we have the money for.... it will be a blinking waste of money.
    Last edited by Moneyfordreams; 18-05-2017 at 9:17 AM.
    Mortgage Feb '13 200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 182800 : minimum 360 OP but needs to be 600 to achieve 2025
    Current mortgage 162190
    Car loan finished oct 16
    h@lifax CC 4800 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
    • Moneyfordreams
    • By Moneyfordreams 18th May 17, 10:06 AM
    • 813 Posts
    • 3,837 Thanks
    Moneyfordreams
    That's a bit moany... blinkin hec, I feel really quite chilled. WE definitely have had far too much alcohol of late and I think that's why OH a bit low, although... 1st shift blues after days of is normal too. I've put the stone I lost earlier in the year back on. So from Monday I will be back to it.

    We have a guest returning this weekend. We had blocked it out. But she emailed as wanted to bring her children for a birthday treat. Lovely.... They are arriving on Friday, (paying in cash) and we have our race day out on Saturday.

    I will be crossing my fingers that our shifty little lodger pays up last weeks and this weeks rent and buys my phone.. 260. I am selling my phone for 80 to him as it will cost 40 to unlock. I could get 126 on selling sites. We need to be nice to him as if OH walks from work our house income will go from OP/holidays/living to being well and truly house hold budget. As we may need him to fix whatever we destroy in the garden
    Mortgage Feb '13 200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 182800 : minimum 360 OP but needs to be 600 to achieve 2025
    Current mortgage 162190
    Car loan finished oct 16
    h@lifax CC 4800 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
    • newgirly
    • By newgirly 21st May 17, 9:28 AM
    • 5,610 Posts
    • 38,395 Thanks
    newgirly
    Hang on in there mfd's, you are doing amazingly well in difficult circumstances. So sorry you mum is so poorly, its like their world contracts smaller and smaller, the only consolation with the horrid disease is I really don't think my gran had any idea what was going on, it was the family who were upset not her for most of the time. I hope she settles well wherever she ends up staying.

    Make sure you are looking after yourself as well as everyone else x
    MFW 21
    Target for 2017 38,545 / 10,784 paid so far

    Mortgage 49,452 4 years 10 months left. Total owed 69,512 planning to clear in 18 months
    Weightwatchers target - 29.5 lb start date 11/5/17 so far 5.5lb lost
    • Moneyfordreams
    • By Moneyfordreams 24th May 17, 3:47 PM
    • 813 Posts
    • 3,837 Thanks
    Moneyfordreams
    Thanks newgirly,

    Mum still in hospital and mobility improving. But waiting on next stage. Whatever it will be.

    We spent far too much money at the weekend I do not even want to add it up so I won't but we have had 2 extra bookings, each for 2 nights from a guest who stayed 2 weeks ago. I think I may have to make it clear in future about children staying. I can't cancel them, but they have 2 children aged 7 and 8 in our 1 big bedroom, and they are so noisy. My OH sleeps during the day so I'm hoping the 2 nights they have booked this week will mean the sun shines and they go out early I could hear the 8 year old in our ground floor.

    Another week until payday. lodger paid up last weekend, but the cheek of the lad... I said he could have the phone 40 less than market value as he would need to get it unlocked.... Then he did it himself!!!!

    I'm still spending on the CC to shuffle cash away (apart from the races) . I'm really quite shocked at how much I have over spent
    Mortgage Feb '13 200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 182800 : minimum 360 OP but needs to be 600 to achieve 2025
    Current mortgage 162190
    Car loan finished oct 16
    h@lifax CC 4800 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
    • Moneyfordreams
    • By Moneyfordreams 26th May 17, 9:12 AM
    • 813 Posts
    • 3,837 Thanks
    Moneyfordreams
    OH pay in this am. He definitely wants to cut his hours down. Unfortunately his contracted nights are split , Wed, Fri and Sat. He has mostly over the years (but not this one ) worked the extra night on a Thursday. He/We have decided for the time being for him to drop that night. As he is low paid and has a small pension, the tax threshold may mean he is actually working the extra nights to pay his tax bill. I've never quite "got" this before but now it is personal I do. He is doing pretty much all of the house stuff, and being a super granddad that it makes sense to take the pressure off.

    Guests who are on their 3rd stay, with the happy bouncy children want to book again, and have booked for their friends.... When I got home last night OH was looking pleased with himself and said he'd got 2 new grandkids!! The kids wanted to stay with him and the dog so they did... for an hour !

    I had a really busy day in work yesterday, 15000 steps in that heat ..... I think at one point my skin tone was the colour of my scrubs... raspberry most people were lovely, but one drunk woman who disagreed with my diagnosis was frustrating. Thankfully I was supported by the team, but a tiny blight on my lovely job.

    Had to get car fixed this week, 70 on our local fella who tinkers, couldn't go to the garage of doom again. I think I may as well rip up the extended warrantee.
    Last edited by Moneyfordreams; 26-05-2017 at 7:21 PM.
    Mortgage Feb '13 200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 182800 : minimum 360 OP but needs to be 600 to achieve 2025
    Current mortgage 162190
    Car loan finished oct 16
    h@lifax CC 4800 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
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